document back Convertible Loan Agreement

Document Name: Convertible Loan Agreement

document type Jurisdiction UK

This document operates with the Conversion Agreement. Together they create a structure which means that you can grant a loan and agree that the loan can be converted into shares in the company if certain conditions happen - for example, after a period of time or on the happening of a particualr event, like failure to repay the loan. Once the conversion into shares happens, the loan stops being repayable.